SA economy staves off technical recession after 1.6% GDP growth in Q3

JOHANNESBURG - The South African economy averted a technical recession in the third quarter of 2022 after a growth of 1.6%.

A technical recession is defined as a contraction of the Gross Domestic Product for two consecutive quarters. The GDP contracted by 0.7% in the second quarter, mainly due to the deadly and costly KwaZulu-Natal floods.

Manipulated growth.

Such positive news in the midst of horrific load shedding and business closures.. Amazing

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